Demand for recently approved positions Bitcoin Exchange-traded funds (ETFs) don’t seem to be going anywhere. Last week alone, investors invested $2.45 billion in cryptocurrency funds. According to CoinShares, this is a new record.
Jersey-based digital asset manager said The fund’s total assets under management now stand at $67 billion, according to Monday’s report. This is the highest since December 2021, when the bull market was at its peak.
CoinShares tracks institutional investor data. Cryptocurrency funds mentioned in the report include Grayscale, 21Shares, and ProShares, all of which serve large investors.
Now there are 10 on the list of funds that stand out. Bitcoin ETF Spot It is traded on the U.S. stock exchange.
Last January, the Securities Commission of the Stock Exchange Finally the green light came on This allows traditional investors to gain exposure to cryptocurrencies in a safe and regulated manner.
And the product is great success Investors who previously could not obtain Bitcoin in a safe and regulated manner have flocked to this space. According to a CoinShares report, BlackRock, the world’s largest asset manager, experienced the largest inflow of funds last week, with iShares Bitcoin Trust receiving more than $1.6 billion.
Most of the money going into cryptocurrency funds is focused on Bitcoin exposure, Coinshares said. avalanche, chain linkand polygon All experienced inflows of less than $1 million each.
The price of Bitcoin, the largest digital coin by market capitalization, is currently at $51,800, up about 4% in seven days.
Editor: Andrew Hayward
